If at all the crash does happen, what should you do? Sell everything and keep your money underneath your pillow. If one is really fearful of that will happen, he (she) should sell before this Friday, wait and see the market will crash on that day or not, if the crash didn’t happen, buy everything back five minutes before market close. Some may say, I’ll lose on commission, no, that is called insurance premium. If the crash does happen, you can sleep soundly and look for bargain / discounts while watching the stocks fall. Is this a good idea? It is really up to you and depends on your trading plan.
Back to our market, it was a mixed market with 444 gainers against 409 losers. Some stocks were under selling pressures, and some did a good show. Idaman, was one of the good performer. Unico also did well. Kretam shows a good up trend. The other stocks that show a probable trend change are Dataprp and HWGB. Dataprp is worth watching as it has been lifted off the PN17 rank.
(Click to enlarge chart)
Disclaimer: The above is not a recommendation to buy or sell, all suggestions mentioned are purely for academic study purposes for our trend trader club members only, and the author may have personal interest and position in some of the examples mentioned. Any losses incurred if you were to trade base on the study examples above is sole your own responsibility. Do consult your dealer before taking any action.
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